UBS Group Issues Pessimistic Forecast for Kimberly-Clark (NASDAQ:KMB) Stock Price

Kimberly-Clark (NASDAQ:KMB) had its target price dropped by analysts at UBS Group from $110.00 to $105.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 12.69% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Barclays set a $102.00 target price on Kimberly-Clark in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a report on Tuesday, February 17th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Citigroup decreased their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $115.46.

Kimberly-Clark Stock Down 3.9%

NASDAQ KMB traded down $3.81 during midday trading on Tuesday, hitting $93.18. 5,914,354 shares of the company traded hands, compared to its average volume of 5,748,986. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The company has a market cap of $30.93 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.52 and a beta of 0.28. The company’s 50-day simple moving average is $102.90 and its 200-day simple moving average is $106.59. Kimberly-Clark has a 52 week low of $92.42 and a 52 week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. As a group, equities research analysts forecast that Kimberly-Clark will post 7.5 earnings per share for the current year.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Kimberly-Clark in the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $27,000. True Wealth Design LLC raised its stake in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.